Amtek Auto’s subsidiary Amtek Global Technologies has raised Euro 235 million from global investment firm KKR & Co. The company will use the long-term credit to replace its bridge loan and to consolidate debt. This facility will also help integrate Amtek Auto’s international operations under the Singapore-headquartered AGT, the company said in a statement.
The Amtek group has an annual turnover of $2.7 billion and manages 65 facilities catering mainly to the auto industry.
Amtek Auto manufactures components such as connecting rod assemblies, flywheel ring gears and assembly, steering knuckles, suspension and steering srms, CV joints, crankshaft assemblies and torque links. It is backed by in-house design and development facilities engaged in developing new product and processes.
